Outsourcing: Is it the Solution for Your Company’s Needs?

Business OutsourcingThe idea of outsourcing has been present in many industries for a long time. Some regions in Asia, as a matter of fact, have grown in revenue because the U.S., Australia, some European countries, and other places around the world, including some progressive Asian countries too, have been outsourcing different requirements there for years.

The primary reason behind this exporting of jobs and importing of talent is the lower cost. There are countries where the labor is a lot more affordable while the workforce can provide what is necessary, sometimes at a level that works for many foreign companies.

Should you outsource some jobs?

For many companies, the answer is yes, because there is money to be saved when you outsource jobs like recruitment, customer service, technical support, sales, accounting, and many others. The savings come not only from the lower labor costs, but also from the office space, materials, computers, and furniture you don’t have to spend money on. You don’t have to pay for benefits, either, as the outsource company takes care of that.

Should you outsource project management?

As far as project management is concerned, you have to be a lot more careful in choosing whom to outsource it to. The advantage is not only about lower costs; a good project management solution such as LoadSpring's Springboard Solutions can provide everything you need to get the job done including people, processes, and turn-key applications or a dashboard. This means you don’t have to worry about anything and you can instead focus on other aspects of your company that need your undivided attention.

What should you do before outsourcing the project?

This is crucial. Your project manager will only work on what you tell them to. So come up with a solid written plan regarding what you want to happen. Fix a budget, as well. And don’t forget to meet with the outsource company so you know who’s handling your project. Ask for some credentials for your peace of mind. If you do not want to be called every time to approve anything, choose a person you trust in your company to take point. Even if you would like to reduce your involvement, it pays to have a progress report session with your point and the project manager now and then just so you’re all on the same page.

Outsourcing is a matter of quality too and not just savings. You cannot deny how substantial the savings will be, but for your money, make sure you get the right company to deal with.